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Europe Daily Bulletin No. 9679

11 June 2008
Contents Publication in full By article 27 / 32
GENERAL NEWS / (eu) eu/emu
Romania to receives policy advice on budgetary policy

Brussels, 10/06/2008 (Agence Europe) - On Wednesday 11 June, the Commission will be targeting Romania with policy advice, calling on it to take measures to prevent its deficit going beyond the 3% of GDP mark. From 2.2% in 2006, the Romanian public deficit reached 2.5% in 2007 and is dangerously close to the Stability and Growth Pact (SGP) threshold. According to the Commission's spring forecasts, Romania's deficit will be 2.9% in 2008 and 3.7% in 2009 (if policy remains unchanged). Bucharest...

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